US airlines into profit for first time in five years?

By Administrator |

US airlines will report their first profit since 2000 for 2006 and some analysts also expect strong profits in 2007, according to the US Air Transport Association (ATA), which represents leading US passenger airlines.

However, analysts also note that potential mergers could increase costs for the industry and hurt earnings. ATA expects carriers to earn 2006 profits of between $2bn and $3bn. additionally, industry forecasts predict that the number of people who travel will increase in 2007.
Meanwhile, ATA has been reminding passengers of the new and more restrictive travel document policies that are set to take effect in the US from January 23 this month where all travellers entering or re-entering the US by air from any part of the western hemisphere will require passports.
From the aforementioned date this will include all US citizens returning to the US by air from Canada, Mexico, Central and South America, the Caribbean and Bermuda.

International

OUT NOW: TRBusiness Aug/Sep 2024 e-zine

The TRBusiness August/September e-zine is now live and ready to view – click here or scroll...

International

Optimism levels tumble Q2 TR Confidence Tracker

Optimism levels among respondents to the Q2 2024 TR Confidence Tracker, sponsored by Suntory...

International

Estée Lauder reports continued struggles in mainland China and GTR

The Estée Lauder Companies reported net sales of $15.61bn for the fiscal year ended 30 June...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend